USDCAD Daily Analysis – February 26, 2015

USDCAD is facing 1.2352 support again, a breakdown below this level will bring price to 1.2200 area. However, as long as 1.2352 support holds, the price action from 1.2797 could be treated as consolidation of the uptrend from 1.1191 (Nov 21, 2014 low), one more rise to 1.3000 area is still possible after consolidation.

usdcad chart